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55 61 Park Road, Fairfax, CA 94930, Fairfax, 94930 - 10 bed, 7 bath

55 61 Park Road, Fairfax, CA 94930 home-pic-0
ACTIVE$2,500,000$4,716/sqft
55 61 Park Road, Fairfax, CA 94930
10Beds
7Baths
4,716Sqft
20,700Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Income Potential: A versatile five-unit compound, including three detached houses, a duplex, and a cottage, offers diverse rental income streams, making it highly attractive for investors or multi-generational living arrangements.
Top Cons:
Age-Related Maintenance Concerns: Built in 1938, the multiple structures may require significant ongoing maintenance, system updates (e.g., plumbing, electrical), or capital expenditures across all five units due to their age.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1938 (88 years old).
Condition: This five-unit compound, built in 1938, presents inconsistent conditions across its units. While Unit #57 features a recently updated kitchen with modern appliances, wide-plank oak floors, and a contemporary bathroom with a walk-in shower, other units (e.g., #55, #61) show significant signs of age. Their kitchens have dated cabinets, older appliances, and less modern finishes (e.g., wood paneling, checkerboard linoleum), and bathrooms are functional but not updated. The property's overall condition is aged but maintained, with major components functional, but many units would require minor to moderate updates and renovations to meet current quality standards, aligning with a 'Fair' rating.
Year Built
1938
Close
-
List price
$2.5M
Original List price
-
Price/Sqft
$530
HOA
$0
Days on market
-
Sold On
-
MLS number
325074132
Home ConditionFair
Features
Deck
Patio
View-

About this home

Just one block from vibrant Downtown Fairfax, 55-61 Park Road offers a rare opportunity to own a versatile five-unit compound on a sprawling 20,000+ sq. ft. lot. Ideal for investors or those seeking a multi-home retreat, this unique property includes three detached houses and a duplex, each with distinct character and income potential. An ideal owner's residence, #57, features 3BD/2BA, wide-plank oak floors, a spacious living room with fireplace, updated kitchen with skylight, dining area opening to a covered deck, and an additional room. #55 is a 2BD/1.25BA charmer with hardwood floors, built-ins, fireplace, and classic period detail. The duplex at #61 includes a 2BD/1BA lower unit with private deck and a sunlit 3BD/1.5BA upper unit with covered deck and carport. A 1BD/1BA cottage with loft and garden patio completes the ensemble. With ample parking, inviting outdoor spaces, and flexible layouts, this exceptional property balances lifestyle and investment possibilities live in one, rent the rest, or create your own Fairfax family compound.

R
Robin Corey
Listing Agent
Condition Rating
Fair
This five-unit compound, built in 1938, presents inconsistent conditions across its units. While Unit #57 features a recently updated kitchen with modern appliances, wide-plank oak floors, and a contemporary bathroom with a walk-in shower, other units (e.g., #55, #61) show significant signs of age. Their kitchens have dated cabinets, older appliances, and less modern finishes (e.g., wood paneling, checkerboard linoleum), and bathrooms are functional but not updated. The property's overall condition is aged but maintained, with major components functional, but many units would require minor to moderate updates and renovations to meet current quality standards, aligning with a 'Fair' rating.
Pros & Cons

Pros

Exceptional Income Potential: A versatile five-unit compound, including three detached houses, a duplex, and a cottage, offers diverse rental income streams, making it highly attractive for investors or multi-generational living arrangements.
Prime Downtown Location: Situated just one block from vibrant Downtown Fairfax, the property boasts unparalleled walkability to amenities, dining, and entertainment, significantly enhancing tenant appeal and long-term property value.
Expansive Lot Size: The sprawling 20,000+ sq. ft. lot provides substantial outdoor space, privacy, and potential for future landscaping, recreational development, or simply enjoying a large private setting.
Versatile Living Arrangements: The unique compound structure with distinct units allows for highly flexible use, such as owner-occupancy with rental income, a dedicated family compound, or a full investment property.
Charming & Updated Owner's Unit: Unit #57 is highlighted as an 'ideal owner's residence' featuring desirable updates like an updated kitchen, wide-plank oak floors, and a fireplace, offering a comfortable and appealing primary living space.

Cons

Age-Related Maintenance Concerns: Built in 1938, the multiple structures may require significant ongoing maintenance, system updates (e.g., plumbing, electrical), or capital expenditures across all five units due to their age.
Complex Property Management: Managing a five-unit compound with varied layouts and potentially diverse tenant needs can be substantially more demanding and time-consuming than a typical rental property, possibly requiring professional management.
Inconsistent Unit Conditions: While one unit is noted as updated, the description implies varying levels of renovation and 'classic period detail' across the other units, which may necessitate staggered investments to standardize or modernize all properties.
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